Common use of Sufficiency of Transferred Assets Clause in Contracts

Sufficiency of Transferred Assets. Except for the exclusion of the Excluded Assets and assuming that (i) HoldCo has the ability to provide to the Maleic Business all corporate-level services of the type that are currently provided to the Maleic Business by Ashland or any of its affiliates and (ii) the services to be provided by Ashland to HoldCo pursuant to the Transition Services Agreement will be provided as contemplated therein, the Transferred Assets are sufficient for the operation and conduct of the Maleic Business immediately following the Closing in substantially the same manner as currently operated and conducted, other than any insufficiency that would not reasonably be expected to have a Maleic Business Material Adverse Effect.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Marathon Oil Corp), Assignment and Assumption Agreement (Marathon Oil Corp), Assignment and Assumption Agreement (Ashland Inc)

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